19.06.2024 16:09:07 - dpa-AFX: UK Probes $14 Bln Planned Acquisition Of Juniper By Hewlett Packard

WASHINGTON (dpa-AFX) - The UK's Competition Market Authority or CMA
announced on Wednesday that it has launched phase 1 investigation into proposed
acquisition of Juniper Networks, Inc (JNPR) by Hewlett Packard Enterprise (HPE).

It was in January this year that HPE agreed to buy Juniper Networks in an
all-cash transaction for $40 per share, representing an equity value of about
$14 billion.

The regulator is now considering whether this deal can lead to substantial
reduction of competition within any market or markets in the United Kingdom for
goods or services.

As part of the probe, the CMA has invited comments on the transaction from any
interested party during the period from June 19 to July 3.

CMA is scheduled to release its decision on August 14.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Juniper Networks 923889 NYSE 37,640 29.07.24 22:00:07 +0,390 +1,05% 37,600 37,800 37,440 37,250
Hewlett Packard Enterprise Com A140KD NYSE 19,410 29.07.24 22:02:26 -0,350 -1,77% 19,410 19,520 19,850 19,760

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